Wednesday, May 30, 2018

Chico’s Q1 sales, profits fall

Chain Store Age
On the heels of a disappointing first quarter, Chico’s FAS is betting on its partnerships with Amazon and QVC to help drive traffic and sales going forward.

Sales totaled $561.8 million, down from $583.7 million last year, but better than expected. Same-store sales fell 5.9%, a bigger decline than expected. By brand, same-store sales were down 5.5% at Chico’s, 6.6% at White House Black Market and 5.8% at Soma. . . . more